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Informist, Wednesday, Jul. 22, 2026

MUMBAI - CreditAccess Grameen Ltd. is expected to report a six-fold on-year jump in its net profit for the June quarter due to a rise in assets under management, according to brokerages tracking the company.

The lender is expected to report a net profit of INR 4.05 billion for the June quarter, up nearly six times from the year-ago quarter and up more than 19% sequentially, according to the average of estimates from six brokerages. The highest estimate for CreditAccess' net profit is INR 4.4 billion from Motilal Oswal Financial Services Ltd. while the lowest is INR 3.6 billion from Nuvama Wealth Management Ltd.

The company's net interest income for the June quarter is expected at INR 11.51 billion, according to the average of estimates, up nearly 170% from INR 4.3 billion a year ago. The highest estimate for the company's net interest income is INR 11.85 billion from JM Financial Institutional Securities Pvt Ltd. while the lowest estimate is INR 11.17 billion from Nuvama.

Led by healthy disbursements, the company's assets under management are expected to grow nearly 17% on year to INR 303 billion from INR 260 billion a year ago, according to brokerages. The company expects to grow its assets under management by 20-25% in 2026-27 (Apr-Mar). The lender's disbursements in the June quarter totalled INR 61.07 billion, up only 12% on year. This is also sharply lower than the INR 83.13 billion it had disbursed in the trailing quarter. 

Brokerages are divided on the company's net interest margin. While Motilal Oswal expects an expansion of 10 basis points, others expect the net interest margin to moderate in the June quarter. While Motilal expects the margin to rise to 15%, three other estimates show the margin at 15.2-15.8%. The net interest margin was 14.2% in the March quarter and 12.7% in the year-ago quarter. 

In the March quarter, the company's profit after tax had grown seven times on year to INR 3.39 billion from INR 472 million, resulting in a return on assets of 4.4% and a return on equity of 17.8%. Brokerages estimate the non-microfinance segment to drive the next phase of growth for the rural-focused inclusive financing platform headquartered in Bengaluru.

All six research reports on the company available with Informist have a "buy" recommendation on the stock with an average target price of INR 1,663, which is almost 12% higher than the closing price Wednesday.

The company will detail its earnings Friday. Wednesday, shares of CreditAccess Grameen ended at INR 1,488.90 on the National Stock Exchange, down 3%. The stock is broadly unchanged since the company announced its March quarter earnings on May 8.

Following are the Apr-Jun earnings estimates for CreditAccess Grameen from six brokerages in the descending order of the estimate of consolidated net profit, in INR billion:

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Reported by Adithi Nemani

Edited by Pankaj Aher

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